EMEA
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'Good timing' for the sovereign to return to dollars as euro market continues to wobble
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Ainsley Holdings, under the rocked Steinhoff International — now called Ibex — sheds a 13.6% stake in Pepkor
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Issuer gets three times oversubscription in a trade that bankers said would hopefully ‘give people confidence’
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Higher rated DSM also has smooth ride, as corporate market continues to pump out solid trades
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◆ Small premium needed to reopen the market ◆ June supply approaches record low ◆ More deals set to follow
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Euro and dollar SSA supply set to pick up from Tuesday
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Blackstone-backed gambling company Cirsa and Cinven’s HotelBeds are planning IPOs before the end of the year
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◆ German lender preps first euro covered in two weeks ◆ Defensive tenor chosen ◆ Market unsure how much read across reopener will have
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Highly rated names land smooth trades after investor demand showed signs of weakness for corporates last week
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Anticipation of a 25bp rate cut kept the bond market quiet, though some plucky issuers found a window
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Second half of 2024 is tipped to be a shadow of its busy first six months